BML Wealth Marketing, Author at BML Wealth Management

21 06, 2021

4 Major Retirement Challenges to Overcome
4 Major Retirement Challenges to Overcome

4 Major Retirement Challenges to Overcome

BML Wealth Marketing2023-12-19T20:57:31-08:00June 21, 2021|Retirement Planning|

Today’s retirees may be the richest the world has ever seen with Baby Boomers holding more than half of U.S. household wealth as of the end of 2020.[1] While you may be looking forward to traveling, working on your golf game, or retiring early to enjoy more free time, you first have to overcome some major retirement challenges. Here are some questions to ask yourself when creating a plan to overcome them. Facing Market Volatility If you don’t want to put off retirement or downgrade your retirement lifestyle, you may want to reassess your risk [...]

18 06, 2021

Do We Live In An Ageist Society?
Do We Live In An Ageist Society?

Do We Live In An Ageist Society?

BML Wealth Marketing2021-06-18T15:48:41-07:00June 18, 2021|Psychology|

America has an aging population, and many of our most successful individuals are middle-aged or older. Yet, there seems to be evidence of widespread ageism. Sometimes it can be seen in a seemingly benign birthday card depicting age as something to laugh at or feel bad about, but other times it takes the form of workplace discrimination. Even if we do live in an ageist society, it's good to have a positive view of aging. One area where ageism is apparent is in the workforce. According to the Department of Labor, older adults are less [...]

15 06, 2021

The Retirement Fingerprint – July/August 2021
The Retirement Fingerprint – July/August 2021

The Retirement Fingerprint – July/August 2021

BML Wealth Marketing2021-10-04T11:12:29-07:00June 15, 2021|Newsletters|

New data shows there was a remarkable increase in women’s pay last year, specifically in the nonprofit industry. In 2020, female executives in nonprofit organizations increased their earnings by an average of 92 cents on the dollar compared to their male counterparts, up from 82 cents in 2019.

14 06, 2021

4 Reasons to Have a 401(k) Strategy
4 Reasons to Have a 401(k) Strategy

4 Reasons to Have a 401(k) Strategy

BML Wealth Marketing2021-06-14T09:02:05-07:00June 14, 2021|Retirement Income|

If you’ve saved a substantial amount in a tax-deferred retirement account, it will no doubt be instrumental in retirement. The next step is to strategize how you’ll use those savings. There are several important things to know about your 401(k), such as how much you can contribute, options for your 401(k) when you leave your job, and how RMDs work. Here are four reasons to have a 401(k) strategy. You Have Options for Old 401(k)s When you leave a job, you can either cash out of your 401(k), roll it over into a 401(k) at [...]

11 06, 2021

4 Ways to Use Your Phone While Traveling
4 Ways to Use Your Phone While Traveling

4 Ways to Use Your Phone While Traveling

BML Wealth Marketing2021-06-11T11:52:32-07:00June 11, 2021|Lifestyle, Retirement|

Do you plan on taking a vacation this summer? After forgoing travel for over a year, many people are planning trips this summer. If you do, there are many ways you can optimize your experience by using your phone. Your phone can be pretty much whatever you want it to be on vacation – a notepad, a map, even a flashlight. Here are four ways to use your phone on vacation. Make Lists Before you start your journey, you’ll have to pack. Maybe you already have a list you consult, or you make a mental [...]

6 06, 2021

Is Our Government Anticipating Inflation?
Is Our Government Anticipating Inflation?

Is Our Government Anticipating Inflation?

BML Wealth Marketing2021-06-06T23:26:29-07:00June 6, 2021|Economy, Financial Planning, Government|

The Consumer-Price Index (CPI) rose to 4.2% in April as compared to last year.[1] We could see higher prices when it comes to travel, food, cars, and other common goods and services. High inflation can hurt retirees who are living off their savings, especially when we have near-zero interest rates. We already see bigger Social Security Cost of Living Adjustments predictions to keep pace with inflation, conversations about how to protect money from inflation among investors, and legislation anticipating inflation. The Securing a Strong Retirement Act In 2019 we saw the SECURE (Setting Every Community [...]

4 06, 2021

4 Retirement Lifestyle Predictions
4 Retirement Lifestyle Predictions

4 Retirement Lifestyle Predictions

BML Wealth Marketing2021-06-04T00:13:16-07:00June 4, 2021|Lifestyle, Retirement|

Do you think your retirement will look exactly like your parent's retirement? The answer is probably "no," and hopefully, it's "it will look even better." Retirement is changing, and it's important to think about what you want in retirement and how you'll afford it. Here are four retirement lifestyle predictions. More People Will Be “Pulled” into Retirement Than “Pushed” Older workers can sometimes find themselves “pushed” out of the workforce sooner than they anticipated by layoffs and age discrimination. However, it may be that more people voluntarily enter retirement earlier to spend more time with [...]

31 05, 2021

When Will You Transition from Saving to Spending?
When Will You Transition from Saving to Spending?

When Will You Transition from Saving to Spending?

BML Wealth Marketing2021-05-31T19:46:41-07:00May 31, 2021|Financial Planning|

In retirement, you have to transition from saving to spending. You've worked hard to amass wealth, and now you must protect it from market downturns and make it last for the rest of your life. We have seen record highs in the stock market recently, but the state of the market at the time of your retirement isn’t within your control. Here are three crucial questions to ask yourself when preparing for and in retirement. When Will You Retire? The decision to retire isn't always based on money. Sometimes the desire for freedom, health problems, [...]

28 05, 2021

Looking Forward to Summer and Retirement
Looking Forward to Summer and Retirement

Looking Forward to Summer and Retirement

BML Wealth Marketing2021-05-28T10:40:33-07:00May 28, 2021|Lifestyle, Retirement|

If you’re planning on taking a vacation, it’s probably something that you’ve looked forward to for a while now. Maybe you haven’t traveled much since before the pandemic and want to this summer, or maybe you’ve recently retired and just want to relax and enjoy your free time. However you choose to spend your time in retirement, the great thing is that that it’s your 30 or more year vacation. Here are some things to think about when you’re looking forward to summer and retirement. What Will You Do? On average, we spend more time [...]

23 05, 2021

Rising Costs in Retirement: Are You Prepared?
Rising Costs in Retirement: Are You Prepared?

Rising Costs in Retirement: Are You Prepared?

BML Wealth Marketing2021-05-23T23:21:41-07:00May 23, 2021|Financial Planning, Inflation, Retirement Planning|

In 1960, a gallon of milk cost 36 cents, and today it costs $3.35 on average.[1] Inflation is to blame, and we could see higher inflation in the coming years. It’s important to have a sense of how much you’ll need to spend in retirement, but this is difficult when future costs and tax rates are unknown. How will you respond to rising costs in retirement – are you prepared? Healthcare & Long Term Care Costs Healthcare costs have been rising over the past 40 years, and this trend is expected to increase. It's important [...]

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